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2022 Supreme(Online)(SEBI) 109

SECURITIES AND EXCHANGE BOARD OF INDIA
Dr. Dhananjaya Y. Chandrachud, J
Securities and Exchange Board Of India – Appellant
Versus
Rajkumar Nagpal & Ors. – Respondent


Advocates:
For the Appellants/Petitioners: N Venkataraman
For the Respondents: Darius Khambata, KV Viswanathan, Dhruv Mehta

Table of Content
1. overview of the debenture trust deeds and defaults. (Para 1 , 2 , 3)
2. the debenture holders' legal actions in the bombay high court. (Para 4 , 5)
3. challenge against orders of the single judge concerning sebi's circular. (Para 11 , 12)
4. arguments for and against the applicability of the sebi circular. (Para 16 , 17 , 18 , 19 , 20)
5. court observations on retrospective application of the sebi circular. (Para 63 , 68 , 76 , 80)
6. final order and conclusions drawn by the court. (Para 90 , 99 , 100)

JUDGEMENT

Dr. Dhananjaya Y. Chandrachud, J.

Table of Contents

A. Facts .................................................................................................................. 4

i. The dispute .............................................................................................................. 4

ii. The suit before the Bombay High Court ............................................................... 5

iii. The impugned judgment ...................................................................................... 10

B. Issues ............................................................................................................... 12

C. Submissions ......

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